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In accordance with Paragraph 9.36 of the Main Market Listing Requirements, the Company is pleased to announce that the production figures of the Group for the month of April 2015 are set out in the table below.

We refer to our announcements dated 26 November 2013, 27 November 2013, 26 December 2013, 24 January 2014, 26 February 2014, 3 March 2014, 4 March 2014, 27 March 2014, 25 April 2014, 26 May 2014, 26 June 2014, 25 July 2014, 26 August 2014, 26 September 2014, 27 October 2014, 26 November 2014, 26 December 2014, 26 January 2015, 11 February 2015, 26 February 2015, 23 March 2015, 26 March 2015, 13 April 2015, 27 April 2015, 30 April 2015 and 14 May 2015.

(b) A Lease Agreement between Perwaja Steel Sdn Bhd (“PSSB”), a wholly-owned subsidiary of PHB and Zhiyuan in relation to the lease by PSSB of a portion of the land forming the Kemaman Plant to Zhiyuan.

Save as disclosed above, there is no major development on the status of default in payment of principal and interests accrued as at the date of this announcement.

The Company together with its advisers are currently working towards finalising a debt restructuring scheme to restructure its total indebtedness. As announced on 14 May 2015, the Company had submitted an application for extension of time of two (2) months up to 15 July 2015 to make the requisite announcement. The outcome of the application for extension of time will be announced upon the decision received from Bursa Securities.

Details of the proposed regularisation plan including the proposed debt restructuring scheme shall be announced in due course.